India Launches Special Grade Aviation Fuel Production to Cut Imports From Europe

Political Editor with files from sputniknews:

Arabnews24.ca:Monday 26 September 2022 08:48 AM: https://sputniknews.com/20220926/india-launches-special-grade-aviation-fuel-production-to-cut-imports-from-europe-1101233376.html

India Launches Special Grade Aviation Fuel Production to Cut Imports From Europe

India Launches Special Grade Aviation Fuel Production to Cut Imports From Europe

India imports high-octane aviation fuel from European countries to meet the requirement of the military and flying training institutes. State-owned refineries... 26.09.2022, Sputnik International

2022-09-26T12:44+0000

2022-09-26T12:44+0000

2022-09-26T12:44+0000

india

oil

crude oil

aviation

indian defense ministry

defense

fighter jet

uav

/html/head/meta[@name='og:title']/@content

/html/head/meta[@name='og:description']/@content

https://cdnn1.img.sputniknews.com/img/07e6/09/1a/1101234904_0:160:3073:1888_1920x0_80_0_0_422f7eaf8007cf4ce1b534c08086ca36.jpg

State-owned Indian Oil unveiled a principal grade of aviation gasoline (AVGAS 100 LL) for aircraft and unmanned aerial vehicles used by defense forces and training schools on Monday.The product, fueling the turbojet charged reciprocating piston engine aircraft, had previously been imported by India for decades.The locally-made oil allegedly provides a superior performance to fuel supplied by the European countries, India’s Oil Ministry stated.The ministry hopes that the domestic production of superior grade fuel will boost the aviation sector with the Civil Aviation Ministry considering opening more training institutes in the country.The state-owned firm has also planned to set up a new facility to target export opportunities. Shrikant Madhav Vaidya, chairman of Indian Oil, said that the AV gas market is expected to grow from the current $1.92 billion to $2.71 billion by 2029.Besides saving crucial foreign exchange reserves, domestic production will make flying training more affordable in India.

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

2022

Rishikesh Kumar

https://cdnn1.img.sputniknews.com/img/07e4/08/04/1080055820_0:0:388:389_100x100_80_0_0_40018ee210946d65d49ffba4f4c008e1.jpg

Rishikesh Kumar

https://cdnn1.img.sputniknews.com/img/07e4/08/04/1080055820_0:0:388:389_100x100_80_0_0_40018ee210946d65d49ffba4f4c008e1.jpg

News

en_EN

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

1920

1080

true

1920

1440

true

https://cdnn1.img.sputniknews.com/img/07e6/09/1a/1101234904_170:0:2901:2048_1920x0_80_0_0_e70636bf1129ebeabb888792bd9bf8d4.jpg

1920

1920

true

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

Rishikesh Kumar

https://cdnn1.img.sputniknews.com/img/07e4/08/04/1080055820_0:0:388:389_100x100_80_0_0_40018ee210946d65d49ffba4f4c008e1.jpg

oil, crude oil, aviation, indian defense ministry, defense, fighter jet, uav

oil, crude oil, aviation, indian defense ministry, defense, fighter jet, uav

Subscribe

International
India

India imports high-octane aviation fuel from European countries to meet the requirement of the military and flying training institutes. State-owned refineries have been incurring billions of dollars on the imports of this superior grade of aviation fuel for decades.

State-owned Indian Oil unveiled a principal grade of aviation gasoline (AVGAS 100 LL) for aircraft and unmanned aerial vehicles used by defense forces and training schools on Monday.

The product, fueling the turbojet charged reciprocating piston engine aircraft, had previously been imported by India for decades.

The locally-made oil allegedly provides a superior performance to fuel supplied by the European countries, India’s Oil Ministry stated.

“The indigenous availability of AV GAS 100 LL will help reduce dependence on imports and address the associated logistical challenges. Country will be able to save precious foreign exchange with the in-house availability of this product,” the ministry said.

The ministry hopes that the domestic production of superior grade fuel will boost the aviation sector with the Civil Aviation Ministry considering opening more training institutes in the country.

The state-owned firm has also planned to set up a new facility to target export opportunities. Shrikant Madhav Vaidya, chairman of Indian Oil, said that the AV gas market is expected to grow from the current $1.92 billion to $2.71 billion by 2029.

“I am confident that the superior quality we offer, combined with competitive pricing, will give us a significant edge in the global market and open a new chapter in India's journey of self-reliance,” Vaidya said.

Besides saving crucial foreign exchange reserves, domestic production will make flying training more affordable in India.

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT Russia, China and Iran Represent New Triangular in Multilateral Diplomacy, Envoy Says
 
c 1976-2021 Arab News 24 Int'l - Canada: كافة حقوق الموقع والتصميم محفوظة لـ أخبار العرب-كندا
الآراء المنشورة في هذا الموقع، لا تعبر بالضرورة علي آراء الناشرأو محرري الموقع ولكن تعبر عن رأي كاتبيها
Opinion in this site does not reflect the opinion of the Publisher/ or the Editors, but reflects the opinion of its authors.
This website is Educational and Not for Profit to inform & educate the Arab Community in Canada & USA
This Website conforms to all Canadian Laws
Copyrights infringements: The news published here are a feed from different media, if there is any concern,
please contact us: arabnews AT yahoo.com and we will remove, rectify or address the matter.